Here's How You Can Earn $100 In Passive Income By Investing In Antero Midstream Stock

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Here's How You Can Earn $100 In Passive Income By Investing In Antero Midstream Stock
Here's How You Can Earn $100 In Passive Income By Investing In Antero Midstream Stock

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Antero Midstream Corporation (NYSE:AM) is a midstream company that owns, operates, and develops midstream energy infrastructure services and production activity in the Appalachian Basin’s Marcellus Shale and Utica Shale in West Virginia and Ohio.

The company will report its Q3 2024 earnings on October 23. Wall Street analysts expect the company to post an EPS of $0.24, up from $0.23 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $274.36 million, up from $263.84 million in the year-ago period.

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The 52-week range of Antero Midstream’s stock price was $11.50 to $15.21.

Antero Midstream’s stock dividend yield is 6.17%. During the last 12 months, it paid $0.90 per share in dividends.

The Latest On Antero Midstream

On July 31, Antero Midstream reported its Q2 2024 earnings, posting an adjusted EPS of $0.23, compared to the consensus of $0.22, and revenues of $269.795 million, compared to the consensus estimate of $269.801 million, as reported by Benzinga.

Paul Rady, Chairman and CEO, said, “During the quarter, Antero Midstream closed on a highly strategic bolt-on acquisition, increasing throughput volumes from our primary investment-grade customer, Antero Resources. This acquisition complements our organic just-in-time business model that generates consistent Free Cash Flow after dividends, which increased 41% year over year.”

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How Can You Earn $100 Per Month As An Antero Midstream Investor?

If you want to make $100 per month—$1,200 annually—from Antero Midstream dividends, your investment value needs to be approximately $19,449, which is 1,333 shares at $14.59 each.

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (6.17% in this case). So, $1,200 / 0.0617 = $19,449 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time as a result of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Antero Midstream stock an attractive option for making a steady income of $100 per month by owning 1,333 shares of stock.

Check out this article by Benzinga for three more stocks that offer high dividend yields.

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This article Here's How You Can Earn $100 In Passive Income By Investing In Antero Midstream Stock originally appeared on Benzinga.com

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